St.modwen Properties Share Discussion Threads

[pat_idk] 07/10/2005 13:27

What is going on with the price today????

[llados] 13/7/2005 19:52

Why the drastic drop? Anyone know how the presentation went? Is this how the increased dividend is received.

[quidnunc] 06/7/2005 10:19

I'm thinking it may have peaked.
The property market, especially the commercial sector is looking weak with far too many developments chasing far too few businesses.
Established sites are changing hands for silly money forcing companies like SMP out towards the speculative edge of development.
SMP are exposed because they've bought speculatively at Longbridge & Bristol to name but two & with the loss of their leading light, its hard to see how they're going to come with both a bearish phase and lack of original vision.
Quiddy

[boonyed] 18/6/2005 19:52

We'll soon be through the £5 barrier at this rate!

[mike24] 04/6/2005 12:43

smp and mcalpine have had a good run,
eavens above there still rising

[boonyed] 12/5/2005 17:01

Broke through the £4 barrier.....HOORAH!!

[archambos] 27/4/2005 08:59

Surely the fact that they own the 500 acre plus Longbridge site is going to boost this share, especially when they fully develop it.

[mrbt] 14/2/2005 07:48

Another record year for St Modwens

[boonyed] 07/12/2004 12:42

St Modwens plans for Castlegate and Dudley Zoo have now been finalised, the process is now entering the consultation phase.

Lets hope this time it gets through to planning!!!

BOON

[topvest] 21/9/2004 07:11

Yes, very sad news yesterday. A great leader and someone that clearly "made a difference". What a fantastic legacy he has left in business, horse racing and charitable causes.

[sammu] 20/9/2004 14:01

I have been invested in his company for 8 years or so.

I didn't realise Sir Stanley had cancer though.

What an excellent legacy this skillful businessman has left.

[boxster rob] 19/9/2004 21:32

Sir Stanley Clarke, co-founder of St.Modwen Properties passed away this morning at his home in Barton-under-Needwood in Staffordshire following a long battle against cancer.

[sandbank] 04/9/2004 18:45

SIMON: As it seems only you and I have a dialogue on here I have to say it does not look as though SMP is going to go down anywhere near your 200 mark after all. I'm not a great expert at charting but the SMP chart looks to be as if there's going to be a sudden movement - probably in the direction pointed by the April 7th "finger". Also on the 24 and 18 week MACD the signal line looks as though its about to turn upwards

[sandbank] 25/5/2004 10:59

Well SMP bounced back a bit from the slide - but took a hit with a 25000 share sale this morning. So I'm out too. Looking to get back in though later and lower.

[simonevans] 17/5/2004 22:12

Looks like it needs to hold 260p or so or it's down to £2 ish looking at the chart. Just because it's always traded at a premium doesn't mean it will in the future. I'll look to get back in again if it goes down to £2ish. Still a very good company.

[sandbank] 17/5/2004 15:35

SIMON: A well- timed exit! But I don't think SMP's share price will ever get to NAV. It's always at a premium as you know. With inflation stirring, oil rising, gold rising and everything else sliding - property is one of the only safe bets left. I'm still well ahead on SMP even after today's market slide and looking at the day graph I think we've bottomed out (famous last words I know - but as you say, it really is a good company)

[simonevans] 12/5/2004 21:55

Great company this one, but I have decided to sell. The price looks a bit toppy and the chart has broken down. I bought in at less than a £1 so I've done well on this one. But at £3 when NAV less than £2, it looks fully valued - I am also sceptical that the co. can maintain the development profits that it has achieved over the last few years. Overall, plenty of scope for minor disappointment. Good luck to those that hold though. I'll be back in at closer to NAV if I get the opportunity.

[kjoco] 24/4/2004 12:58

From The Journal:

We're racing ahead say St Modwen.

24 April 2004
The Journal

The property company which owns more than a quarter of North-East racecourses Newcastle and Sedgefield has predicted 2004 will be a record year.

St Modwen Properties, which owns 27.2pc of the Chepstow Racecourse group, which has nine tracks, said that the current financial year had started well with the company continuing to make good progress.

Chairman Sir Stanley Clarke retired from the role at yesterday's annual meeting, when he said St Modwen had secured property profits on sales already completed or exchanged of £22m with an additional £5m in solicitors' hands.

He said acquisitions since the financial year-end had increased the annualised rent roll by 10pc to £42.9m.

St Modwen has also maintained a growing "hopper", or portfolio, of development opportunities including part of the Llanwern steel works in Wales and the Rover car plant in Longbridge, Birmingham.

Sir Stanley said: "Our recent successes in adding to the hopper, together with the increasing values obtained for the residential land produced by our brownfield land regeneration programme, gives us confidence 2004 will be yet another record year."

[hotstuff] 18/4/2004 17:06

I agree with morose.SMP tipped today in the Times as one of the ten must-have best share buys at this time.

[morose] 16/4/2004 16:20

Wouldn't even think of shorting this successful enterprise.

Seems a ludicrous idea to me when there is so many better shorting prospects at the moment.

I would say this is a great buy even at current price for the med/long term

[matthewa] 14/4/2004 09:28

Looks fairly toppy now given that interest rates are set to rise. Time to short?

[matthewa] 14/4/2004 09:28

Looks fairly toppy now given that interest rates are set to rise. Time to short?

[stbc] 26/2/2004 13:05

It's PE ratio is still fairly competitive and given the great results and future confidence there is a lot more mileage in the price. Don't think this share should be valued on a net asset basis, a view which seems to be recognised by the market given its current price!

[hilly] 20/2/2004 15:57

Had a good run - but a good chance to get in or top up if it drops a bit more :-)